Denmark | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.40 0.3 0.3 0.3 0.4 0.8 percent [+]
Unemployment Rate 4.20 4.2 4.1 4.2 4.09 4.7 percent [+]
Inflation Rate 0.30 0.2 0.4 0.5 0.7 2.1 percent [+]
Interest Rate -0.65 -0.45 -0.45 -0.25 -0.65 1 percent [+]
Balance of Trade 4458.60 1160 8745 2854 5412 1566 DKK Million [+]
Government Debt to GDP 40.20 37.95 37.62 37.29 36.97 38.13 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 6.99 7.07 7.14 7.21 7.28 8.4 [+]
Stock Market 831.84 811 803 795 787 656 points [+]
Government Bond 10Y 0.41 0.47 0.48 0.48 0.49 0.56 percent [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.40 0.3 0.3 0.3 0.4 0.8 percent [+]
GDP Annual Growth Rate 1.20 0.9 0.8 1.2 1.9 1.7 percent [+]
GDP 295.16 299 299 300 291 322 USD Billion [+]
GDP Constant Prices 485265.00 486905 488497 490102 491661 511849 DKK Million [+]
Gross National Product 480256.00 478880 480633 482493 484354 509868 DKK Million [+]
Gross Fixed Capital Formation 95350.00 94629 94363 94157 94002 93934 DKK Million [+]
GDP per capita 58207.90 58595 58647 58699 58751 59647 USD [+]
GDP per capita PPP 43415.23 43665 43742 43819 43896 44900 USD [+]
GDP From Agriculture 7056.00 6372 6280 6807 6359 6073 DKK Million [+]
GDP From Construction 21600.00 22014 20755 21927 21654 21871 DKK Million [+]
GDP From Manufacturing 59835.00 61385 59361 61685 59503 61567 DKK Million [+]
GDP From Mining 6539.00 6342 5959 6568 6321 6197 DKK Million [+]
GDP From Public Administration 94527.00 94474 94660 94937 94631 93768 DKK Million [+]
GDP From Transport 84195.00 85144 77326 84944 82892 86878 DKK Million [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 4.20 4.2 4.1 4.2 4.09 4.7 percent [+]
Employed Persons 2761.00 2759 2755 2768 2761 2765 Thousand [+]
Unemployed Persons 91.50 90.36 88.97 87.89 86.97 82.29 Thousand [+]
Long Term Unemployment Rate 1.30 1.3 1.28 1.23 1.22 1.16 percent [+]
Youth Unemployment Rate 12.00 11.91 11.95 11.93 11.94 11.94 percent [+]
Labour Costs 111.11 112 112 113 113 114 Index Points [+]
Productivity 118.58 118 118 118 118 118 Index Points [+]
Wages 38957.98 38745 38698 38651 38605 38019 DKK/Month [+]
Wages in Manufacturing 135.40 135 133 134 135 143 Index Points [+]
Population 5.71 5.69 5.72 5.73 5.74 5.87 Million [+]
Retirement Age Women 65.00 65 65 65 65 65 [+]
Retirement Age Men 65.00 65 65 65 65 65 [+]
Employment Change 0.50 0.32 0.27 0.25 0.21 0.09 percent [+]
Employment Rate 65.80 65.84 65.93 65.93 65.94 65.94 percent [+]
Full Time Employment 2013.20 2045 2026 2020 2034 2034 Thousand [+]
Part Time Employment 748.00 717 727 742 738 738 Thousand [+]
Job Vacancies 31675.00 31378 31495 31449 31467 31462 [+]
Labor Force Participation Rate 70.20 70.18 70.25 70.25 70.25 70.25 percent [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate 0.30 0.2 0.4 0.5 0.7 2.1 percent [+]
Harmonised Consumer Prices 100.20 100 101 101 101 103 Index Points [+]
Consumer Price Index CPI 100.40 101 101 101 101 103 Index Points [+]
Core Consumer Prices 100.70 101 101 101 101 101 Index Points [+]
Core Inflation Rate 0.40 0.59 0.6 0.6 0.6 0.6 percent [+]
GDP Deflator 106.78 107 107 108 108 111 Index Points [+]
Producer Prices 107.90 108 108 109 109 113 Index Points [+]
Export Prices 117.60 118 118 118 118 118 Index Points [+]
Import Prices 113.60 113 113 113 113 113 Index Points [+]
Food Inflation -0.60 -0.76 -0.8 -0.85 -0.87 -0.89 percent [+]
Cpi Transportation 99.30 99.43 99.29 99.23 99.25 99.25 Index Points [+]
Producer Prices Change -0.40 -0.44 -0.61 -0.53 -0.57 -0.55 percent [+]
Inflation Rate Mom 0.20 0.14 0.02 0.08 0.05 0.06 percent [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate -0.65 -0.45 -0.45 -0.25 -0.65 1 percent [+]
Interbank Rate -0.19 -0.17 -0.19 -0.19 -0.19 -0.19 percent [+]
Money Supply M0 61180.10 61036 60824 60620 60421 58337 DKK Million [+]
Money Supply M1 1114814.00 1124040 1147645 1171673 1196137 1559065 DKK Million [+]
Money Supply M2 1211052.00 1225463 1242789 1259707 1276046 1485770 DKK Million [+]
Money Supply M3 1455220.00 1448849 1441982 1437858 1435756 1466758 DKK Million [+]
Banks Balance Sheet 3793310.70 3940868 3936804 3928069 3916007 3676925 DKK Million [+]
Foreign Exchange Reserves 454017.00 454044 454080 454086 454086 454086 DKK Million [+]
Loans to Private Sector 341.52 347 349 350 350 350 DKK Billion [+]
Deposit Interest Rate 2.40 2.33 2.23 2.13 2.03 2.35 percent [+]
Central Bank Balance Sheet 492.38 491 490 491 491 491 DKK Billion [+]
Private Debt to GDP 257.12 252 251 249 248 240 percent [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade 4458.60 1160 8745 2854 5412 1566 DKK Million [+]
Exports 55810.40 53267 53421 53131 53253 53257 DKK Million [+]
Imports 51351.80 47458 47719 47433 47627 47694 DKK Million [+]
Current Account 14992.00 6440 5140 4101 5542 877 DKK Million [+]
Current Account to GDP 7.10 6.7 6.7 6.7 7.25 7.27 percent [+]
External Debt 11899.00 11426 11196 11112 11082 11064 DKK Million [+]
Terms of Trade 104.00 104 104 104 104 104 Index Points [+]
Capital Flows 44.00 -167 -189 -192 -193 -193 DKK Million [+]
Gold Reserves 66.55 66.55 66.55 66.55 66.55 66.55 Tonnes [+]
Crude Oil Production 149.00 142 142 142 142 142 BBL/D/1K [+]
Foreign Direct Investment 683.90 614 605 595 585 551 DKK Billion [+]
Terrorism Index 2.15 0.3 0.42 0.53 0.64 0.13 [+]
Weapons Sales 15.00 30.51 29.89 29.27 31.22 34.56 USD Million [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 40.20 37.95 37.62 37.29 36.97 38.13 percent [+]
Government Budget -2.10 -2.8 -2.8 -2.8 -2.27 -0.3 percent of GDP [+]
Government Budget Value 17100.00 -5384 -1265 794 1797 1179 DKK Million [+]
Government Spending 128503.00 128942 129219 129695 130138 135625 DKK Million [+]
Government Spending to GDP 55.70 54.77 54.97 55.16 55.36 56.23 percent [+]
Government Revenues 273782.00 276989 264774 274590 267206 273594 DKK Million [+]
Government Debt 729.32 730 731 731 731 731 DKK Billion [+]
Fiscal Expenditure 275563.00 278540 275312 276096 274350 276003 DKK Million [+]
Asylum Applications 295.00 1016 1261 1107 1028 1072 persons [+]
Military Expenditure 4130.10 4097 4083 4068 4113 4076 USD Million [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Business Confidence -8.00 -4 -2 -3 -8.23 -6 [+]
Industrial Production -4.60 -0.7 -2.5 -2.5 3.54 1 percent [+]
Industrial Production Mom -8.10 2.9 -0.8 -0.8 0.03 3.3 percent [+]
Manufacturing Production -5.00 3.26 3.59 4.02 4.21 3.64 percent [+]
Capacity Utilization 78.50 81.34 78.93 78.8 78.8 81 percent [+]
New Orders -3.00 20.01 -2.2 -3.56 -0.58 -2 [+]
Changes in Inventories 1731.00 1372 1465 1745 1805 2258 DKK Million [+]
Bankruptcies 392.00 454 446 419 421 424 Companies [+]
Car Registrations 17000.00 18466 18464 18319 18367 18378 Cars [+]
Competitiveness Index 5.35 5.33 5.33 5.33 5.33 5.35 Points [+]
Competitiveness Rank 12.00 12.66 12.66 12.66 12.66 10.97 [+]
Corporate Profits 222196.00 224852 225923 226995 228066 246778 DKK Million [+]
Ease of Doing Business 3.00 2.87 3.11 3.24 3.36 3.67 [+]
Electricity Production 1723.00 2995 3358 2694 2391 2761 Gigawatt-hour [+]
Corruption Index 91.00 94.96 95.22 95.47 95.73 98.65 Points [+]
Corruption Rank 1.00 2.33 2.5 2.66 2.83 4.75 [+]
Mining Production 0.20 -5.77 -6.37 -6.19 -6.15 -6.16 percent [+]
Manufacturing Pmi 56.63 56.54 56.25 56.14 56.12 56.12 [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Consumer Confidence 0.90 1.5 4.2 6.4 2.8 4.4 [+]
Retail Sales MoM 0.80 0.1 0.1 0.12 0.12 0.12 percent [+]
Retail Sales YoY -0.70 0.1 -1.4 2 1.9 0.6 percent [+]
Consumer Spending 221824.00 223097 223866 224633 225397 235354 DKK Million [+]
Disposable Personal Income 993932.70 1027317 1035288 1043258 1051229 1183062 DKK Million [+]
Personal Savings 13.83 4.56 17.81 12.84 5.42 8.97 percent [+]
Consumer Credit 18526.00 18504 18502 18508 18516 18521 DKK Million [+]
Gasoline Prices 1.66 1.66 1.66 1.66 1.66 1.66 USD/Liter [+]
Households Debt To Gdp 122.90 122 122 122 122 122 percent of GDP [+]
Households Debt To Income 242.79 242 240 238 236 216 percent [+]
HOUSING Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Construction Output 2.20 6.47 4.95 4.75 5.3 5.31 percent [+]
Housing Index 116.43 113 112 111 108 100 Index points [+]
Housing Starts 1468.00 1419 1443 1338 1476 1429 [+]
Home Ownership Rate 62.70 62.37 62.32 62.27 62.22 61.38 percent [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Corporate Tax Rate 22.00 22 22 22 22 22 percent [+]
Personal Income Tax Rate 55.80 55.8 55.8 55.8 55.8 55.8 percent [+]
Sales Tax Rate 25.00 25 25 25 25 25 percent [+]
Social Security Rate 8.00 8 8 8 8 8 percent [+]
Social Security Rate For Companies 0.00 0 0 0 0 0 percent [+]
Social Security Rate For Employees 8.00 8 8 8 8 8 percent [+]





Economic Forecasts for Denmark including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Denmark economy. 12/5/2016